Businessmen always look forward to expanding their business and they consistently look for better opportunities. Dubai has become one of the favorite destinations for businessmen around the world. Currently, more than 50% foreigners residing in Dubai and they are successfully running their businesses. The importance of Dubai has grown quite rapidly as UAE government has taken various measures to enhance the overall infrastructure of the country. Also, they have diverted the core of country’s revenue towards tourism. The tallest building in the world and manmade artificial Palm islands are major attractions for the tourists. In addition to that the economically stability and security has encouraged several foreigners to set up their businesses in Dubai.
Trade License Requirements in Dubai
Well, UAE home for several popular companies which include Microsoft, Oracle, LinkedIn and more. In order to establish company in Dubai, one really has to understand the laws and procedure to set up company. The initial step towards setting up business in UAE is to choose a legal form; generally most people either choose Limited Liability Company (LLC) or Free Zone Company. Both legal forms have different policies and legalities, once choose a legal form the next phase is to get a trade license. Dubai Economic Department (DED) is the authority to issue trade license to the businesses, there are more than one type of trade license which depends on the nature of business. For trading purpose commercial license is suitable whereas if you are willing to set up manufacturing industry, you need industrial license.
Role of PRO Services in Company Registration
The process of opening new company in Dubai requires knowledge about understanding about the legal procedures and documentation. Most people acquire PRO Services to register company in Dubai; there are various business consultants who offer PRO services, so choose wisely.
